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  • Danavation (DVN) is advancing its platform-as-a-service and operations
  • The company has secured five new contracts for the installation of its digital smart label in two additional locations under the ACE Hardware banner
  • The total contracted value of these five installations is expected to represent one-time revenue of $800,000 with ongoing recurring revenue for the life of the contract
  • Danavation Technologies’ CEO John Ricci joined Sabrina Cuthbert to discuss this news
  • Danavation Technologies Corp. (DVN) is down 2.08 per cent, trading at $0.235 per share

Danavation (DVN) is advancing its platform-as-a-service and operations.

The company has secured five new contracts for the installation of its digital smart label in two additional locations under the ACE Hardware banner.

Two are set for Fowler’s Garden Centres in New York, as well as one installation for an independently operated store under a national building material brand in Quebec. The total contracted value of these five installations is expected to represent one-time revenue of $800,000 with ongoing recurring revenue for the life of the contract.

Since September 2022, the company has installed digital smart labels into several new retail brands across Canada and the U.S. while also securing the full roll-out of digital smart labels into all 11 Impulsora stores across Mexico, which is expected to be complete by mid-2023. The team also secured installations into one of three potential Gary & Leo’s Fresh Foods IGA locations, the first of six total potential locations for Pierre Naud Inc., the first of 35 potential Rabba Fine Foods markets, the first of two Materiaux J.C. Brunet Inc. locations, an installation into KBC in Kemptville, Ontario and a full warehouse installation for Eaton Industries Canada Co.

Danavation Technologies’ CEO, John Ricci, joined Sabrina Cuthbert to discuss this news.

Danavation Technologies offers micro e-paper displays, known as Digital Smart Labels, and a software platform to automate labelling, price, product, and promotions in real-time. 

Danavation Technologies Corp. (DVN) is down 2.08 per cent, trading at $0.235 per share.


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